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Thursday, 12 March 09
ANALYSIS-FIRST NEW JAPAN COAL DEAL MAY NOT SET BENCHMARK - FOREXPROS.COM


* Informal coal-deal practice may come to an end this year

* Buyers expected to ask for a discount

* Biggest losers may be Chinese coal suppliers

Forexpros.com reported that, In the past, the first annual thermal coal deal of the new year between Australian miners and Japanese importers, sealed this week at about $70 a tonne, would set a benchmark that few would be brave enough to buck.

But that informal decades-old practice may come to an end this year, as a relative abundance of lower-grade alternatives means buyers elsewhere are expected to ask for a discount.

to read more click
forexpros.com



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Recent News

Monday, 19 December 11
PLN WILL NO LONGER BUY COAL FROM TRADERS
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Saturday, 17 December 11
THE FREIGHT MARKET SEEMS TO HAVE ALMOST BOTTOMED OUT AND MAY REMAIN STEADY AT THESE LEVELS CAPT REDDY
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Friday, 16 December 11
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Thursday, 15 December 11
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The Jakarta Post reported that, Publicly listed coal mining company PT Berau Coal Energy (BRAU), the fifth largest coal producer in Indonesia, sees ...


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